Word: bankes
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Dates: during 2000-2009
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...endowment was first announced, Johnny dedicated himself to becoming the most knowledgeable student on campus on the topic of Harvard’s endowment and budget, realizing that top-down budget cuts would hurt students and workers alike. He organized the Responsible Endowment Conference and proposed the Idea Bank, which gave the Harvard community an unprecedented opportunity to share ideas for the second round of budget cuts. While SLAM’s activities are often controversial, Johnny’s work has demonstrated such a mastery of the issue that even the Harvard Republican Club endorsed his campaign. This record...
...Another China skeptic is Pivot Capital Management, investment manager of the $505 million Pivot Global Value Fund. In an August report, it makes the startling claim that China is not 45% urbanized as the World Bank and other international agencies estimate. That figure could be "understated as much as 20%," says Pivot, "meaning that instead of about 350 million people, only 100 million actually would need to be urbanized...
...more prices rise, the more pressure China's central bankers come under to tighten up monetary policy and curtail credit . Some observers in China are already getting nervous. "If the Chinese central bank does not respond quickly to rein in credit growth, unchecked asset bubbles can seriously distort allocation of resources and thereby undermine the country's long-term growth prospects," a Nov. 5 commentary in China Daily warned...
...China's policymakers are indicating that pro-growth policies will stay in place. Economists don't expect the central bank to hike interest rates until next year. Instead, analysts think the government will try to avoid a real estate bubble by implementing sector-specific measures in the coming months to cool down property prices, like tightening access to mortgages for buyers of second homes - who are more likely to be purchasing apartments as speculative investments. (Read "Will China's Consumers Save the World Economy...
...economists believe that the longer Beijing keeps the stimulus tap open, the greater the danger that the good times in Chinese real estate could turn ugly. Louis Kuijs, a China economist at the World Bank in Beijing, commented in early November that even though Chinese policymakers may not need a "major tightening" right away, "risks of asset price bubbles and misallocation of resources in the face of high liquidity need to be mitigated." Kuijs concluded that "the overall monetary stance will have to be tightened eventually." Beijing's big test is to make sure that doesn't happen too early...